Jack in the Box may not be a trade after Q4 report - Steven Mallas

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Jack in the Box may not be a trade after Q4 report
Nov 19, 2009 02:45 PM UTC

Steven Mallas

Return	Risk
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Symbol	Sentiment	Start	Return	Closed
JACK	n/a
MCD	n/a
BKC	n/a
YUM	n/a

Via BloggingStocks:

Filed under: Earnings reports, McDonald's (MCD), Yum Brands (YUM), Burger King Hldgs (BKC)

Jack in the Box (JACK) dropped in yesterday's after-hours session upon news of the company's Q4 results. You can't blame the bottom line for the poor stock performance. The fast-food joint earned 70 cents per share from continuing operations versus the 45 cents per share from continuing operations earned in the comparable quarter. Did such a growth rate deserve a nearly 6% cut in share price? Analysts were only looking for 55 cents per share, according to Earnings.com.

Well, Wall Street apparently wasn't satisfied with the outlook, as this Reuters article points out. Traders are obviously more concerned with where Jack in the Box may be heading as opposed to where it's been.

Continue reading Jack in the Box may not be a trade after Q4 report

Jack in the Box may not be a trade after Q4 report originally appeared on BloggingStocks on Thu, 19 Nov 2009 09:45:00 EST. Please see our terms for use of feeds.

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